Complete Your Lease with Ease: Odometer Disclosure Statement for Lessee

Are you buying or selling a vehicle and in need of an Odometer Disclosure Statement to accurately disclose the mileage? At BizzLibrary.com, we understand the importance of honest disclosure when it comes to vehicle transfers. Our Odometer Disclosure Statement form is designed to help both parties involved in the transaction comply with federal and state odometer disclosure requirements.

What is an Odometer Disclosure Statement?

An odometer is an instrument that is used to measure the distance that a vehicle has traveled. An Odometer Disclosure Statement is a legal document that discloses the mileage at which a vehicle is sold or transferred from one owner to another. It is required by federal and state law to prevent odometer fraud, which involves manipulating the mileage on a vehicle to increase its value or conceal issues with the vehicle.

Why Do You Need an Odometer Disclosure Statement?

An Odometer Disclosure Statement is required by law when a vehicle is sold or transferred from one owner to another. It serves as an official record of the mileage at the time of transfer, ensuring that both parties have accurate information about the vehicle's history. An Odometer Disclosure Statement provides the following benefits:

1. Legal Compliance: Complying with federal and state law is essential when buying or selling a vehicle, and failing to do so can result in legal consequences. An Odometer Disclosure Statement helps ensure that you are complying with federal and state odometer disclosure requirements.
2. Honest Disclosure: Disclosing accurate odometer readings is important when transferring a vehicle, as it can affect the vehicle's value and condition. An Odometer Disclosure Statement helps you disclose the mileage at which the vehicle is transferred, avoiding legal issues or disputes.
3. Preventing Fraud: Odometer fraud is a common issue in the vehicle industry, involving the manipulation of the odometer to show a lower mileage. An Odometer Disclosure Statement helps prevent odometer fraud by requiring that both parties disclose the accurate mileage at the time of transfer.

Get your Odometer Disclosure Statement Form

Please comply with the law when buying or selling a vehicle by downloading our professionally drafted Odometer Disclosure Statement form in DOCX format today. It ensures accuracy in disclosing the mileage of your vehicle and enables the transfer process with ease.

Visit BizzLibrary.com now and download more essential business document templates, such as legal contracts, sales agreements, and more. Download our Odometer Disclosure Statement form template and experience the peace of mind that comes with complying with federal and state laws.